On August 1, 2007, Société générale de financement du Québec (SGF) and Lions Gate Entertainment Inc. announced a four-year, US$400 million filmed entertainment financing agreement with Lions Gate, the premier independent producer and distributor of motion pictures and television productions.
Pursuant to the deal, SGF will finance 35 per cent of production costs of motion pictures and television productions shot in Quebec over a four-year period for an aggregate investment of US$140 million and Lions Gate will finance 65 per cent of the production costs for an aggregate investment of US$260 million.
SGF was represented in-house by Donna Benedek, legal counsel and by Joey Mastrogiuseppe and Seon Kang of Fraser Milner Casgrain LLP. Kaye Scholer LLP advised SGF on US issues.
Lions Gate was represented in-house by Wayne Levin, General Counsel and EVP Corporate Operations and by Jim Russell, Allen Garson, Dean Chenoy and Jodie Sourlis of Heenan Blaikie LLP. O'Melveny & Myers LLP advised Lions Gate on US issues.
John Burke of Akin Gump Strauss Hauer & Feld LLP referred the deal to Lions Gate.